New GOP thirty percent tax plan

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A group of House Republicans is pushing to eliminate most federal taxes and replace them with a federal sales tax in a plan that would also abolish the IRS. But tax experts warn the act is not so fair to working families while giving the wealthiest Americans a break. The Fair Tax Act was introduced by Representative Earl “Buddy” Carter. It would abolish income, payroll, estate and gift taxes and propose a 23 percent national sales tax, but the effective rate would be 30 percent.

Joining us to discuss the plan is Dennis Hoffman, ASU economist.

Dennis Hoffman, ASU economist

Ted Simons, host and managing editor of

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